In the event thatI was to acquire a simple residential homein Leyland mortgage fee and have no survey and no local authority searches how much could I expect to have to pay for conveyancing in Leyland?
Any savings you would achieve would be isolated to the disbursement for searches. A lawyer still got to do everything else - money laundering, correspond with your vendors conveyancing practitioner, stamp duty submission, register the property etc. A slight saving might be made by not needing to register a mortgage but it will not be meaningful.
We're in Leyland, FTBs purchasing with a mortgage (lender is Nottingham , and our lawyer is on the Nottingham conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nottingham conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Me and my partner are purchasing a property in Leyland. It might be a silly question but how we can trust a conveyancer? At some point we will need to send funds into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Forgive me if this question is silly but I am unexperienced as FTB of a ground floor flat in Leyland. Do I collect the keys to the house on the completion date from my lawyer? If this is the case, I will appoint a High Street conveyancing solicitor in Leyland?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the vendor’s lawyers, and shortly after the monies have arrived, you should be invited to receive the keys from the selling Agents and move into your new home. Usually this happens early afternoon.
I have today made my last payment due on my mortgage with Virgin Money. I assume I don't need a Leyland lawyer on the Virgin Money panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
What does a local search inform me about the property we're purchasing in Leyland?
Leyland conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company for example Onsearch The local search plays a central part in many a Leyland conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search will provide data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
Me and my brother own a renovated Edwardian property in Leyland. Conveyancing practitioner acted for me and Virgin Money. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the exact same property. Is it worth asking Virgin Money to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Leyland and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing lawyer who carried out the work.
I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have just been informed that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns buying a leasehold house in Leyland. Conveyancing lawyers have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Leyland ?
The majority of houses in Leyland are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. It is clear that you are purchasing in Leyland in which case you should be shopping around for a Leyland conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. First you will need to check the unexpired lease term. As a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as obtaining the freeholder’spermission to carry out changes to the property. You may also be required to pay a service charge towards the upkeep of the communal areas where the property is part of an estate. Your solicitor should advise you fully on all the issues.
I acquired a 1st floor flat in Leyland, conveyancing was carried out January 2006. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Leyland with an extended lease are worth £265,000. The ground rent is £50 invoiced annually. The lease expires on 21st October 2100
With just 75 years unexpired we estimate the price of your lease extension to span between £8,600 and £9,800 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.